Problem 12-20 EVA The table below shows a condensed income statement and balance sheet for Androscoggin Copper's Rumford smelting plant (figures in $ millions). Assume the cost of capital is 10%. $ 7.07 Income Statement for 2018 Revenue $ 56.76 Raw materials cost 18.71 Operating cost 21.08 Depreciation 4.49 Pretax income $ 12.48 Tax at 21% 2.62 Net income $ 9.86 Assets, December 31, 2018 Net working capital Investment in plant and equipment Less accumulated depreciation Net plant and equipment 69.43 21.02 $ 48.41 Total assets $ 55.48 a. Calculate the plant's EVA. (Enter your answer in millions rounded to 2 decimal places.) EVA million b. As the table above shows, the plant is carried on Androscoggin's books at $48.41 million. However, it is a modern design, and could be sold to another copper company for $96 million. How should this fact change your calculation of EVA? (Negative answers should be indicated by a minus sign. Enter your answer in millions rounded to 2 decimal places.) EVA million